On June 22, XPeng Group-W fell 3.07% in regular trading, trading at HK$49.1/share with turnover of HK$367 million, marking its fifth consecutive session of decline and refreshing its year-to-date low.
The decline comes amid a broad selloff across the Hong Kong-listed automobile sector. Geely Auto dropped approximately 9%, Leapmotor fell over 5%, while BYD Company and Li Auto each declined more than 4%. The sector is under multiple pressures including weakening demand, deteriorating profitability, and rising costs. May single-month auto retail sales fell 16.1% year-over-year, with cumulative January-to-May auto consumption down 11.8%. Raw material costs have surged, with lithium carbonate prices rising from RMB 70,000 to RMB 200,000 per ton.
At the company level, XPeng reported a Q1 net loss of RMB 1.78 billion, with revenue declining 17.6% year-over-year and deliveries dropping 33.3% to 62,682 units. R&D expenses rose 46.8% year-over-year, pushing the R&D expense ratio to 22.33%, as the company accelerates its transformation toward a physical AI company. The brief profitability achieved in Q4 last year has not been sustained, and market confidence recovery remains challenging.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments